Bill Roper's Journal

Wasn't there something in there about insuring the loans when they were resold? So the loaners could resell the loans because the new buyers were guaranteed they couldn't lose? Oh yeah, it wasn't insurance - that's regulated. It just looks like insurance and quacks like insurance. However we buy the companies out of this mess, we need better regulation. When companies get so big that their failure brings down the country we can't afford to let market forces work.

And I _really_ don't want to see the CEOs getting bonuses for saving their companies after a bailout with my money. It's bad enough seeing them get bonuses for talking unions into pay cuts to save the companies. Yeah, I know, different industry, but still...